MINNEAPOLIS, MN - Dougherty Mortgage recently closed a Fannie Mae loan for the acquisition financing of 2121 Apartments, a 128-unit market rate multifamily apartment property located in Arlington, Texas.
The pet-friendly property offers a technology lounge and cafe bar, fitness studio, swimming pool, tennis court and two on-site laundry facilities. The one-, two- or three bedroom apartment options feature modern and fully-equipped kitchens with tiled backsplashes, granite-style baths and generous walk-in closets. Units include a balcony or patio, dishwashers, window coverings and walk-in closets.
The 12-year term, 30-year amortization loan was arranged through a partnership with Old Capital Lending for Multifamily Property Group.
Dougherty Mortgage LLC is a full-service, nationwide mortgage banking firm, an approved FHA MAP and LEAN lender, as well as a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, offering a variety of loan products for the acquisition, refinance, construction or rehabilitation of various property types.
In addition, Dougherty Mortgage LLC provides loan servicing on their mortgages and is an approved Ginnie Mae seller/servicer, currently servicing in excess of $7.1 billion of loans. Dougherty Mortgage LLC has also been awarded designation as a lender/partner with USDA under the Community Facilities Guaranteed Loan Program.
Based in Minneapolis, Dougherty Mortgage also has offices in Colorado, Georgia, Illinois, Mississippi, Tennessee and Texas.
For more information, please visit www.doughertymortgage.com